Vertical - Patronage Software
From Financial Accounting
The Vertical Patronage system extracts historical purchase and sales data from the GrainTrac and Vertical Financials software. With Patronage, you can easily manage the amount of patronage refund calculated by bushel, ton, gallon on dollars paid and more. Direct-ship grain may be treated separately from elevator delivered grain. Patronage refund checks are generated from the Vertical Financials AP module. Tax documents may be printed or electronically generated. Patron equity is stored for future processing.
The Patronage software may be used for tracking Equity Reserve Funds. The entry screen may be used to record equity reserve on accounts. The equity reserve payout feature may be used to release payments on equity reserve when necessary. Reserve payments may be released by full amount, flat amount or by percentage of the reserve.
Dividends may be processed and issued by stock class to stockholders. You may establish dividend rates by stock class and process dividend payments though the Vertical Financials AP module. Deferred Payments may be released for multiple years. During this process, you may choose to release all of the deferred amount, a percentage of the deferred amount or a flat amount. Each year may be treated in a separate matter.
A full complement of Patronage reports is available for tracking patron activity including a patronage cash-out report that tracks original patronage amounts and historical patronage payments.